Daily: After a bearish impulse last week, and reversal candles completed, I expect a retracement to the 0.5 fib retracement level (TP1), or go on to the 0.682 level (TP2).
4H: I see the right shoulder of an inverted H&S pattern formed. I expect price to go complete the pattern.
I have two possible entries;
If price goes down a bit before the move up:
Entry 1: 0.86682
If price continues to the upside:
Entry 2: 0.86921
- Move SL to BE @ 20 pips. 15 pip trailing stop after that.
This is just what the charts tell me from a top-down analysis. This is in no way financial or trading advise. Trade at your own discretion.
Pls like & follow if you find this helpful. Thanks! :)
4H: I see the right shoulder of an inverted H&S pattern formed. I expect price to go complete the pattern.
I have two possible entries;
If price goes down a bit before the move up:
Entry 1: 0.86682
If price continues to the upside:
Entry 2: 0.86921
- Move SL to BE @ 20 pips. 15 pip trailing stop after that.
This is just what the charts tell me from a top-down analysis. This is in no way financial or trading advise. Trade at your own discretion.
Pls like & follow if you find this helpful. Thanks! :)